Moving from Charleston to Melbourne (2026)

Melbourne has a COL index of 110 vs 97 for Charleston (100 = US average). Expect to pay about 13% more for the same lifestyle.

Pay ~$2,125 more/mo
on rent + taxes ยท $75K salary baseline

Change cities

Key differences

COL index
97 โ†’ 110
100 = US avg
1BR rent
$1,900 โ†’ $1,600
per month
State tax
6.2% โ†’ 45%
income tax
COL difference
97 โ†’ 110
13% more expensive

Salary needed in Melbourne to match your Charleston lifestyle

Based on the 13% cost of living increase between the two cities.

Your salary in CharlestonEquivalent in Melbourne
$40K$45,361
$50K$56,701
$60K$68,041
$75K$85,052
$80K$90,722
$100K$113,402
$120K$136,082
$150K$170,103

Adjust your salary

Save ~$234/moon core expenses at $75K

Monthly budget at $75K โ€” Charleston vs Melbourne

ExpenseCharlestonMelbourne
Monthly take-home$4,353$3,000
1BR rent$1,900$1,600
Groceries$376$380
Transport$55$150
Utilities$162$130
Internet$63$62
Left after essentials$1,797$678

30-Year Wealth Builder

If you invest your monthly savings of $234 in a low-cost index fund (7% avg return), you'd accumulate an extra:

$285,473

over 30 years compared to staying in Charleston โ€” that's the real price of a city.

$234/mo invested

Frequently asked questions

Is Melbourne cheaper than Charleston?

No. Melbourne has a cost of living index of 110 vs 97 for Charleston (100 = US average). That's about 13% more expensive.

How much will I save moving from Charleston to Melbourne?

On a $75K salary, core expenses in Melbourne run about $2,125/month more than Charleston. Factor this into your salary negotiation when relocating.

What salary do I need in Melbourne to match my Charleston lifestyle?

To maintain the same purchasing power as $75,000 in Charleston, you'd need roughly $85,052/year in Melbourne. This is based on the overall COL index difference.

Estimates based on Q1 2026 COL index and market data. Budget uses simplified federal/state tax rates. Zillow ยท BLS ยท Numbeo ยท For general guidance only